Connected Health: Pebble takeover cost Fitbit 23 million US dollars

Connected Health: Pebble takeover cost Fitbit 23 million US dollars

After the purchase of Pebble by Fitbit a purchase price in the amount between 30 and 40 million US dollar was accepted, Fitbit itself now with the 2016 annual evaluation clarity. Instead of the presumed sum, the acquisition costs were only 23 million US dollars.

A poor financial situation and the steadily increasing competition pressure against Android-Wear-Smartwatches and the Apple Watch led already in early 2016 to layoffs. With the advent of the first takeover rumors in December, Pebble was also aware that Pebble has approximately $ 25 million in liabilities to suppliers.

Good financial statements for Fitbit

In addition to the assumption sum, the annual report also shows further details. The registered user figures rose compared to the previous year from 29 to 50.2 million. In addition, 22.3 million connected health and fitness gadgets were sold. Sales increased 17 percent to $ 2.17 billion.

Tracy

Tracy

Always on the move... Love to blog, write about smartphones, technology and telecoms. I also like to snowboard, when I have the time :p I'll be around for a while so, be prepared.

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